（来源：千龙网） 农历小年过后，铁路春运进入高峰期，年货运输也同步迎来高峰。昨日（11日）上午9点半，记者在大 兴区国铁北京局黄村货场内看到，这里一片繁忙景象，随着一列从广州石龙始发的X104次特快货物班 列缓缓驶入货场，百余名工作人员迅速投入卸货作业。据悉，当天下午，部分新鲜年货就能直达北京市 民手中，让年味提前"上门"。 据国铁北京局介绍，临近春节，市民采购年货的需求日益旺盛。为加快货物运输速度，保障年货及时送 达，国铁北京局每日开行特快货物班列，其中包括北京黄村至上海闵行的X111/102次列车，全程运行仅 需15小时；北京黄村至广州石龙的X103/104次列车，全程运行24小时，实现南北年货快速互通。与此同 时，黄村货场主动延长集货时间2小时，安排200余名工作人员24小时轮班值守、高效作业，仅需7小时 就能完成两列班列的装货入厢工作，运输效率较平时提升30%。 当日上午，16节编组的X104次特快货物班列稳稳驶进货场，货场两侧站台上，顺丰、京东等企业的工 作人员已提前到位，做好接驳准备。车厢大门打开后，满满当当的各类快递箱映入眼帘，传送带直接延 伸至车厢门口，搬运工人有条不紊地将一件件年货搬上传送带 ...

1月中下旬起，快递进入"年货时间"。随着年味渐浓，买年货、寄年礼，红火的年货市场驱动快递业务 量迎来一波高峰。国家邮政局数据显示，2月2日至2月8日，全国快递业务量约46.86亿件，环比增长 3.19%，日均件量近6.7亿件。 一件件快速流动的"年味包裹"，衔接供需、传递温情。年货产品如何在庞大的快递物流网上流动？从中 能感受到今年年货消费市场的哪些新变化？临近春节，记者进行了探访。 晨光初露，顺丰快递员康虹山已经忙碌起来。套上特制冰袋、放入快递纸箱、贴上电子面单……一箱箱 浑圆饱满、色泽鲜红的智利车厘子堆成小山，整装待发。 这个年货季，内外两张物流网深度对接，让更多全球好物进入消费者的年货清单。 "这几箱空运到黑龙江，今天下单，明天就能到。"康虹山告诉记者，最近进入业务高峰，每天要打包 200多箱车厘子，集中发往江浙沪和北方多省份。 进入1月以来，圆通航空接连从孟加拉国、巴基斯坦等国，直飞浙江杭州、云南昆明，将来自印度洋的 海鲜运抵国内； 这里是华东地区规模最大的果品集散中心——浙江嘉兴水果市场。进入年货旺季，以车厘子为主力，进 口水果寄递迎来年度高峰。去年年货季，嘉兴水果市场车厘子进口柜量约1万柜，而今年 ...

彭朝旭表示，针对春运年货运输高峰，货场提前做好各项保障措施。开辟货物分拣、库存、装卸车、上 下站专用通道；加强与收货客户沟通联系，组织装卸劳力、机具、接驳汽车提前到岗到位。"同时，我 们还新增了7台移动安检机，宽履带设计可同时对多件货物进行安检，实现货物高效安检、快速装入列 车。" "特快货物班列最高运行时速为160公里，是目前运行速度等级最高的货运列车，安全、准点、快捷的特 点，使特快货物班列深受市场青睐。"国铁北京局北京铁路物流中心黄村营业部党支部书记洪宇鹏介 绍，"今年高峰时，我们货场日装卸量最高突破了20万件。" 据统计，今年截至昨日，国铁北京局已组织开行的特快货物班列累计运输各类年货物资700余万件，为 春节年货市场供应提供了有效保障。从京津冀到大湾区和长三角，特快货物班列正以"白天集货、夜间 装车、朝发夕至"的节奏，让春运年货运输更快捷、更暖心。 农历小年过后，铁路春运进入高峰期，年货运输也同步迎来高峰。昨日上午9点半，北京青年报记者在 大兴区国铁北京局黄村货场内看到，这里一片繁忙景象，随着一列从广州石龙始发的X104次特快货物 班列缓缓驶入货场，百余名工作人员迅速投入卸货作业。据悉，当天下午，部 ...

Summary of Key Points from Conference Call Records Industry Overview Commercial Aerospace - Shanghai Port Bay's perovskite technology in collaboration with Dongfang Risen is expected to benefit from the SpaceX supply chain. The increase in satellite launches will boost the demand for solar wings, positively impacting related companies [1][3]. Refractory Materials - Companies like Zhongsen Technology, Luyang Energy, and Zhonggang Nairuo are performing well through business extensions and are considered important targets for investment as the sector begins to rally [1][3]. AI+ Sector - Companies such as China National Materials, Honghe Technology, Feilihua, and China Jushi are benefiting from LDK demand, leading to significant profit increases. Attention is drawn to upstream raw materials like high-end electronic fabrics [1][3]. Construction and Building Materials - New business models in the construction and building materials industry focus on increasing market share and revenue scale, with a clear supply clearing and gradual industry improvement. Sanjias Tree's beautiful countryside business and community stores are rapidly developing, while Yuhong enhances competitiveness through service model innovation [1][4]. Real Estate Market Insights Recent Data and Trends - Recent data indicates a positive trend in the real estate market, particularly in first and second-tier cities where second-hand housing transaction volume has increased year-on-year, and price indices have turned positive. The listing volume has decreased, with demand driven by school district housing improving transaction structure. The new housing market is expected to rebound post-holiday due to supply constraints [1][5]. Investment Strategy - The current rally in real estate stocks is characterized by a mix of speculative and long-term capital, suggesting a more sustainable upward trend. The second quarter may present an opportunity to increase real estate positions, with recommended stocks including China Merchants Shekou, New City Holdings, Jindi Group, and Wo Ai Wo Jia [1][6][8]. Transportation and Logistics Sector Investment Themes - The transportation and logistics sector has four main investment themes: 1. Domestic express logistics is entering a critical consolidation phase, with a focus on leading companies like ZTO Express and YTO Express [2][9]. 2. Cross-border e-commerce and the Belt and Road Initiative, with key companies including SF Holding and JD Logistics [2][9]. 3. Platform transportation through internet platforms like Didi and Cao Cao Mobility, which are expected to enhance profits with the realization of autonomous driving and new energy vehicle replacements [2][10]. 4. Large cycle sectors, including aviation and shipping, are anticipated to see profit growth due to tight supply and recovering demand. Companies like China Merchants Energy and COSCO Shipping are recommended, with significant profit elasticity expected from VLCC operations [2][10]. Additional Considerations - The real estate market's upward speed is not expected to be as rapid as in previous cycles, with a potential long-term upward trend following policy implementation. The core cities' housing prices may stabilize by the end of the year, with real estate stocks likely leading the fundamental bottom by 2 to 3 quarters [1][8]. - Long-term capital movements should be closely monitored to adjust investment strategies accordingly [1][7].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2]. Core Insights - The report highlights the growth of the instant delivery sector, driven by the rise of e-commerce platforms and the increasing acceptance of instant retail among consumers. The company is positioned as the largest third-party instant delivery platform in China, having crossed the breakeven point and entered a new growth phase [7][12]. - The company has shown steady revenue growth since its establishment, with a projected revenue CAGR of approximately 34.3% from 2020 to 2024. In the first half of 2025, the company achieved a revenue of 10.236 billion yuan, representing a year-on-year increase of 48.81% [39][7]. - The report anticipates significant revenue growth for the company, projecting revenues of 21.973 billion yuan, 33.956 billion yuan, and 40.901 billion yuan for 2025, 2026, and 2027, respectively, with corresponding year-on-year growth rates of 39.54%, 54.54%, and 20.45% [83][82]. Business Development - The company has two main business segments: same-city delivery and last-mile delivery. The same-city delivery segment is benefiting from the growth of the instant retail industry, with a notable increase in revenue from business-to-business (B2B) services [27][21]. - In the first half of 2025, the B2B same-city delivery business generated revenue of 4.467 billion yuan, a year-on-year increase of 55.4%, while the business-to-consumer (B2C) segment generated 1.312 billion yuan, up 12.7% year-on-year [27][26]. - The last-mile delivery segment also saw significant growth, with revenue reaching 4.457 billion yuan in the first half of 2025, reflecting a year-on-year increase of 56.9% [31]. Industry Outlook - The instant retail industry is expected to accelerate, with the non-food delivery market projected to grow at a rate of approximately 27.7% in 2026, while the food delivery market is expected to grow at 5.9% [49][49]. - The report emphasizes the importance of logistics infrastructure and rider capacity as critical strategic resources for expansion in the instant delivery sector, with an expected CAGR of 17% for the industry from 2025 to 2028 [55][55]. Financial Projections - The company is expected to achieve a net profit of 2.38 billion yuan, 4.52 billion yuan, and 6.87 billion yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 79.98%, 89.54%, and 51.95% [83][82]. - The report projects adjusted net profits of 3.76 billion yuan, 5.05 billion yuan, and 7.55 billion yuan for the same years, indicating strong profitability growth [83][82].

Core Viewpoint - The Nanjing Postal Administration has issued a consumer notice regarding the delivery services during the Spring Festival, highlighting the operational adjustments made by various postal and express companies to ensure smooth service during the peak season [1][3]. Group 1: Delivery Operations - The Spring Festival travel rush began on February 2 and will last until March 13, totaling 40 days, leading to a temporary surge in express delivery volume due to promotional activities by e-commerce platforms [1]. - Major express companies have coordinated resources to handle the peak demand, ensuring overall stability in the delivery industry [1]. Group 2: Company-Specific Adjustments - SF Express will maintain operations without interruption, with price increases for large items starting from January 19, and a gradual return to normal operations beginning February 24 [2]. - JD Logistics will operate in core cities and main routes without interruption, with special charges for heavy items from January 19 to February 23, and limited service during the first three days of the new year [2]. - China Post will not implement price increases throughout the year, but will limit service in remote areas from January 1 to 3, with a return to normal by February 8 [2]. - Debon will keep key routes operational, with price increases for certain items from January 19 to February 14, and a full return to normal by February 8 [2]. - YTO Express and Shentong Express will reduce service and suspend operations in remote areas starting January 10, with a gradual recovery expected by February 24 [2]. Group 3: Consumer Advisory - The Nanjing Postal Administration advises consumers to be aware of potential delays due to adverse weather conditions and operational challenges during the Spring Festival, urging understanding and patience [3]. - Consumers are encouraged to consult with postal and express companies before sending items and to stay updated on service arrangements published by these companies [3].

转自：北京青年报客户端 随着春运进入高峰期，年货运输也同步迎来配送热潮。2月11日上午9点半，北京市大兴区国铁北京局黄村货场内 一片繁忙景象，一列从广州石龙始发的X104次特快货物班列缓缓驶入货场，百余名工作人员迅速投入卸货作业。 据悉，当天下午，部分新鲜年货就能直达北京市民手中，让年味提前"上门"。 北京青年报记者从国铁北京局获悉，临近春节，市民采购年货的需求日益旺盛。为加快货物运输速度，保障年货 及时送达，国铁北京局每日开行特快货物班列，其中包括北京黄村至上海闵行的X111/102次列车，全程运行仅需 15小时；北京黄村至广州石龙的X103/104次列车，全程运行24小时，实现南北年货快速互通。与此同时，黄村货 场主动延长集货时间2小时，安排200余名工作人员24小时轮班值守、高效作业，仅需7小时就能完成两列班列的装 货入厢工作，运输效率较平时提升30%。 2月11日上午，16节编组的X104次特快货物班列稳稳驶进货场，货场两侧站台上，顺丰、京东等企业的工作人员 已提前到位，做好接驳准备。车厢大门打开后，满满当当的各类快递箱映入眼帘，传送带直接延伸至车厢门口， 搬运工人有条不紊地将一件件年货搬上传送带，再 ...

春节临近，广西柳州冰鲜螺蛳粉彻底火了！多家企业日均销量达数万包。这一新品如何撬动食客味蕾， 成为消费新宠？ 图为员工 打包冰鲜螺蛳粉订单。林馨 摄 冰鲜螺蛳粉春节热销 多家柳州螺蛳粉企业新推出的冰鲜螺蛳粉持续热销，日均销量达数万包，成为今年新春消费市场的一抹 亮色。"前几天，在董宇辉的直播间，十分钟不到就卖了50万袋冰鲜螺蛳粉。"广西美吉食品科技有限责 任公司董事长莫勤吉表示，连日来冰鲜螺蛳粉销量上涨。 "技术突破是还原这碗粉的关键。"莫勤吉表示，团队经过1年研发才解决了冰鲜螺蛳粉制作、包装、运 输等不同环节遇到的难题。"我们通过工艺调整与高压灭菌相结合，在保持食材'鲜'度的同时，也确保 了产品在物流过程中的稳定性。" 图为冰鲜 图为极速 冷冻锁住原味的柳州螺蛳粉汤底。林馨 摄 广西沪桂食品集团有限公司也嗅准这一商机，在原有的预包装螺蛳粉生产线上新拓展冰鲜螺蛳粉品类。 走进生产车间内，工人们将新鲜出炉的汤底、米粉与配菜分装打包后，立即送入零下18摄氏度的急冻库 冷冻锁鲜。 该公司副总经理杨直透露，冰鲜螺蛳粉自上市以来销量已突破200万袋，复购率超过20%，表现优于传 统袋装产品。"尤其在北上广等一线城市，消费 ...

Core Insights - The logistics and warehousing systems in Jinan are operating at high efficiency to support the surge in demand for New Year goods, reflecting a vibrant consumer sentiment as the holiday approaches [1][3]. Group 1: Market Trends - The overall quantity of New Year goods has increased by approximately 25% this year, with significant growth in food categories such as frozen products, seafood, and alcoholic beverages [5]. - Local specialties, such as vacuum-packed Jinan-style meat, are becoming popular, indicating a shift towards regional flavors and practical, smart products in New Year consumption [5]. - Sales of ski apparel and equipment have surged by nearly 35%-40%, driven by the ongoing enthusiasm from the Winter Olympics and the proliferation of ski resorts [5]. Group 2: Logistics and Operations - To ensure efficient delivery of New Year goods, logistics companies like SF Express are implementing cold chain solutions and manual sorting for perishable and fragile items, alongside predictive volume assessments and equipment upgrades [7]. - The offline warehousing scene is equally bustling, with stores like Dingdang Warehouse experiencing high customer traffic and significant daily order volumes, with one store averaging 1,500 orders and over 5,000 visitors daily [9]. - The demand for New Year goods has been building since the eleventh month of the lunar calendar, prompting stores to remain open during the holiday period to cater to consumer needs [9].

Core Viewpoint - The logistics and express delivery industry in Changsha is experiencing a significant surge in demand during the Spring Festival, driven by both local residents and tourists sending specialty products and holiday goods [4][5]. Group 1: Industry Demand and Operations - The demand for express delivery services has doubled during the Spring Festival, with delivery personnel handling over 200 packages daily, including local specialties and holiday goods [3][4]. - The express delivery sector is implementing a special service guarantee mechanism to ensure smooth operations during the peak season, with a focus on maintaining service continuity [4]. - Major companies like SF Express are optimizing their logistics by increasing flight frequencies and enhancing ground transportation routes to meet the heightened demand [4][5]. Group 2: Workforce and Service Enhancements - Thousands of delivery personnel are voluntarily staying on duty during the holiday period, ensuring efficient operations across collection, sorting, transportation, and delivery [5]. - Companies are providing salary bonuses and holiday benefits to frontline employees to support their rights and well-being during this busy season [5]. - Advanced technologies such as intelligent warehousing and scheduling systems are being utilized to streamline package processing, reducing handling time to just 2-3 minutes per package [5].